Van ECK Associates Corp Boosts Stake in Pebblebrook Hotel Trust (NYSE:PEB)

Van ECK Associates Corp boosted its stake in shares of Pebblebrook Hotel Trust (NYSE:PEB) by 10.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 22,619 shares of the real estate investment trust’s stock after buying an additional 2,096 shares during the period. Van ECK Associates Corp’s holdings in Pebblebrook Hotel Trust were worth $306,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently bought and sold shares of the stock. Asset Management One Co. Ltd. lifted its holdings in Pebblebrook Hotel Trust by 0.5% during the third quarter. Asset Management One Co. Ltd. now owns 174,841 shares of the real estate investment trust’s stock worth $2,313,000 after buying an additional 866 shares during the period. FMR LLC lifted its holdings in shares of Pebblebrook Hotel Trust by 10.8% during the 3rd quarter. FMR LLC now owns 9,069 shares of the real estate investment trust’s stock valued at $120,000 after purchasing an additional 884 shares during the last quarter. Atria Investments Inc lifted its holdings in shares of Pebblebrook Hotel Trust by 2.2% during the 3rd quarter. Atria Investments Inc now owns 40,897 shares of the real estate investment trust’s stock valued at $541,000 after purchasing an additional 889 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. lifted its holdings in shares of Pebblebrook Hotel Trust by 35.0% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 4,677 shares of the real estate investment trust’s stock valued at $63,000 after purchasing an additional 1,212 shares during the last quarter. Finally, Public Employees Retirement System of Ohio lifted its holdings in shares of Pebblebrook Hotel Trust by 0.7% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 191,009 shares of the real estate investment trust’s stock valued at $2,527,000 after purchasing an additional 1,402 shares during the last quarter.

Analyst Upgrades and Downgrades

Several analysts have recently commented on PEB shares. Robert W. Baird decreased their price objective on Pebblebrook Hotel Trust from $15.00 to $14.00 and set a “neutral” rating for the company in a report on Thursday, October 31st. Truist Financial decreased their price objective on Pebblebrook Hotel Trust from $14.00 to $13.00 and set a “hold” rating for the company in a report on Tuesday, February 4th. Wedbush lowered Pebblebrook Hotel Trust from a “neutral” rating to an “underperform” rating and set a $13.00 price objective for the company. in a report on Thursday, January 2nd. Wells Fargo & Company decreased their price objective on Pebblebrook Hotel Trust from $16.00 to $13.00 and set an “equal weight” rating for the company in a report on Tuesday, February 18th. Finally, Stifel Nicolaus raised Pebblebrook Hotel Trust from a “hold” rating to a “buy” rating and upped their target price for the company from $14.75 to $15.00 in a research report on Friday, November 22nd. Two analysts have rated the stock with a sell rating, three have given a hold rating and two have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $14.17.

Pebblebrook Hotel Trust Price Performance

NYSE:PEB opened at $11.89 on Friday. Pebblebrook Hotel Trust has a 52 week low of $11.65 and a 52 week high of $16.61. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 0.78. The stock has a market capitalization of $1.42 billion, a PE ratio of -41.00, a price-to-earnings-growth ratio of 0.60 and a beta of 1.85. The stock’s 50-day moving average price is $13.26 and its 200-day moving average price is $13.12.

Pebblebrook Hotel Trust Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st were paid a $0.01 dividend. This represents a $0.04 dividend on an annualized basis and a yield of 0.34%. The ex-dividend date was Tuesday, December 31st. Pebblebrook Hotel Trust’s dividend payout ratio is presently -13.79%.

Pebblebrook Hotel Trust Profile

Pebblebrook Hotel Trust (NYSE: PEB) is a publicly traded real estate investment trust ("REIT") and the largest owner of urban and resort lifestyle hotels and resorts in the United States. The Company owns 47 hotels and resorts, totaling approximately 12,200 guest rooms across 13 urban and resort markets.